Atwood & Palmer Inc. Decreases Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Atwood & Palmer Inc. trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 28.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 252,094 shares of the credit services provider’s stock after selling 99,659 shares during the period. Atwood & Palmer Inc.’s holdings in PayPal were worth $21,516,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Gordian Capital Singapore Pte Ltd purchased a new position in shares of PayPal in the third quarter worth $26,000. Rosenberg Matthew Hamilton increased its position in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 125 shares during the period. Sugarloaf Wealth Management LLC raised its stake in shares of PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 272 shares during the last quarter. Planning Capital Management Corp boosted its holdings in shares of PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 268 shares during the period. Finally, Financial Management Professionals Inc. grew its stake in shares of PayPal by 125.3% in the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 243 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on PYPL shares. Piper Sandler reaffirmed a “neutral” rating and set a $88.00 price target on shares of PayPal in a research report on Friday, November 22nd. Sanford C. Bernstein downgraded PayPal from an “outperform” rating to a “market perform” rating and upped their target price for the company from $75.00 to $80.00 in a report on Thursday, October 10th. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and lifted their price target for the company from $86.00 to $103.00 in a report on Monday, December 9th. Susquehanna boosted their price objective on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday, January 6th. Finally, Mizuho raised their target price on shares of PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.32.

PayPal Stock Performance

Shares of PYPL opened at $91.81 on Tuesday. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66. The business’s fifty day simple moving average is $87.40 and its two-hundred day simple moving average is $76.97. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a market cap of $92.04 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 1.57 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period last year, the firm posted $0.97 earnings per share. PayPal’s revenue was up 6.0% compared to the same quarter last year. Research analysts anticipate that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

PayPal Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.